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Reidsville Seven-Year-Old Wins College Savings Contribution

Sep 30, 2020

Alfredo Arreola, a seven-year-old from Reidsville, was awarded a $1,529 Path2College 529 Plan college savings contribution as one of the winners of the We Care, Child Care Sweepstakes. The sweepstakes was held by the Path2College 529 Plan and the Department of Early Care and Learning (DECAL) in an effort to raise awareness about the importance of continued education and financial planning.

“University is super important for our children to be better people in the future, and starting to save now is the best thing one can do as parents, because it is for the benefit of our children,” said Lucey Arreola Cruz, Alfredo’s mom who entered him in the sweepstakes. “I am super happy that my son was one of the winners. This is the beginning of an end with a future and success because education is the key to a better future.”

This is the sixth year that Path2College and DECAL have partnered on the We Care, Child Care Sweepstakes, and there were more than 450 entries this year.

“Families with young children have so many things happening in their lives that it’s often easy to put things like saving for college aside. We hope this sweepstakes raises awareness among parents and grandparents about the importance of saving for college early and the financial resources offered by the state of Georgia that can help young children prepare for their educational future,” said Lynne Riley, president of the Georgia Student Finance Commission which partners with the Office of the State Treasurer to administer the Path2College 529 Plan for the state of Georgia.

Winners of the sweepstakes were randomly chosen from four regions—Metro Atlanta, Southeast, North, and South Georgia.

“Congratulations to the families who won this year’s We Care, Child Care Sweepstakes. The win will provide seed money for their child’s/children’s postsecondary education that today may seem far away but will be here before they know it,” said DECAL Commissioner Amy M. Jacobs.“ And I acknowledge and thank the child care providers who helped spread the word about Georgia’s Path2College 529 Plan. DECAL and the Georgia Student Finance Commission are honored to help families and child care providers lay an academic and financial foundation for life-long learning in Georgia’s youngest citizens.”

Past winners of the We Care, Child Care Sweepstakes include: Khylen Warren of Fort Valley, Lord Christopher of Brunswick, Giancarlo Gomez and Brandaya Newland of Snellville, Isabella Branson of Kennesaw, Easton Williams and Lily Wallace of Gainesville, Adaleigh Carter of Athens, Rebekah Suggs of Ludowici, Emily Haberman of Senoia, Alexander Hawkins of Augusta, Amelia Jane Thomason of Cleveland, Maci Hodo and Kedren Ceesay of Atlanta, Nevaeh White of Griffin, Lucas Chapman of Macon, Jensie Merritt and Carter Faulk from Alma, Liam Cain from Appling, Javon Green from Columbus, and Daishaun Burgess from Lithonia.

For more information about the Path2College 529 Plan or to open a college savings account, please visit www.Path2College529.com or call (877) 424-4377.

To learn more about the Path2College 529 Plan, its investment objectives, tax benefits, risks, and costs please see the Disclosure Booklet at path2college529.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors only available for investing in its own 529 plan. Consult your legal or tax professional for tax advice. If the funds aren’t used for qualified higher education expenses, a 10% penalty tax on earnings (as well as federal and state income taxes) may apply.

TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the Path2College 529 Plan.

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